BUSINESS NEWS

Zimra debt widens 7%

THE Zimbabwe Revenue Authority (Zimra) says the debt from unpaid taxes widened by 7 percent (or $284 million) to $4, 2 billion by end of the first quarter of 2018 due to low compliance.The huge debt o...

By Staff reporter | Published: 17 April 2018

BUSINESS NEWS

Zimra surpasses target by 8%

THE Zimbabwe Revenue Authority (Zimra) has recorded $1.1 billion first quarter 2018 gross revenue collections, above target by 8 percent and higher than $862 million recorded in the same period last y...

By Staff reporter | Published: 16 April 2018

BUSINESS NEWS

Ex-Zimra boss Pasi walked away with nothing

Former Zimbabwe Revenue Authority (Zimra) commissioner-general Gershem Pasi was sent on forced leave in May 2016 to pave way for investigations into allegations of corruption and poor corporate govern...

By Staff reporter | Published: 04 April 2018

BUSINESS NEWS

Zimra wasting thousands on rentals

THE Zimbabwe Revenue Authority (Zimra) is spending thousands of dollars on rentals for staff at Forbes Border Post despite having acquired residential stands in 2003 which remain undeveloped, the Audi...

By Staff reporter | Published: 02 April 2018

BUSINESS NEWS

Zimra grants yet another tax amnesty

Zimra has issued another tax amnesty on outstanding taxes that were accrued prior to December 1, 2017, with the moratorium set to close on June 30, 2018. Zimbabwe's tax collecting agency has been issu...

By Staff reporter | Published: 26 March 2018

BUSINESS NEWS

Chaos feared in Beitbridge as Zimra system collapses

THE Zimbabwe Revenue Authority's (Zimra) Asycuda Plus online system has once again collapsed, raising fears of chaos during Easter when thousands of holidaymakers throng Beitbridge Border Post on thei...

By Staff reporter | Published: 25 March 2018

BUSINESS NEWS

Zimra sues Pasi for fraud, abuse of office

THE Zimbabwe Revenue Authority (Zimra) is demanding $217 624 from its former commissioner-general, Gershem Pasi, accusing him of abuse of office and fraud.Zimra issued the summons on March 21 and Pasi...

By Staff reporter | Published: 25 March 2018

BUSINESS NEWS

Zimra boss tackles corruption claims

Zimbabwe Revenue Authority (Zimra) board chair Willia Bonyongwe is accused of a litany of corruption and bad governance allegations, leaving the state tax collector in a fresh storm of dishonest deali...

By Staff reporter | Published: 23 March 2018

BUSINESS NEWS

Mnangagwa grants tax amnesty to defaulters

The Zimbabwean government has announced a tax amnesty to defaulting clients in a bid to encourage them to regularize their tax affairs, revenue collector the Zimbabwe Revenue Authority (ZIMRA) said in...

By Xinhua | Published: 21 March 2018

BUSINESS NEWS

Zimra supplies 9 000 fiscal gadgets

ZIMBABWE Revenue Authority (Zimra) has supplied more than 9 000 fiscal gadgets to its clients but the institution faces challenges in supplying more devices due to foreign currency shortages.Fiscalise...

By Staff reporter | Published: 16 March 2018

BUSINESS NEWS

Zimra surpasses February revenue target

THE Zimbabwe Revenue Authority (Zimra) has surpassed its gross revenue target of $322.53 million in February by 5.1 percent to $339.09 million.In a statement yesterday, Zimra Head of Corporate Communi...

By Staff reporter | Published: 15 March 2018

BUSINESS NEWS

Workers hold officials hostage in salaries protest

OVER 23 former workers at Sterile Hygienic System at Beitbridge Border Post stormed the Ministry of Labour and Social Welfare offices yesterday demanding their outstanding salaries.The company was con...

By Staff reporter | Published: 15 March 2018

BUSINESS NEWS

Banks, Zimra stifling SMEs sector growth

The Zimbabwe Chamber of Small to Medium Enterprises has said government must in future not disburse any funding targeted at the SMEs through commercial banks as they do not understand the workings of ...

By Staff reporter | Published: 14 March 2018

BUSINESS NEWS

Zimra's ASYCUDA system upgrade on course

The Zimbabwe Revenue Authority (ZIMRA) says it is on course to complete the upgrade of the ASYCUDA customs system by the 1st of June and is upbeat of restoring normalcy to the e-services within the ne...

By Staff reporter | Published: 14 March 2018

BUSINESS NEWS

Zimra can impound previously cleared goods

THE High Court has ruled in favour of post-clearance audits by the Zimbabwe Revenue Authority (ZIMRA), a decision that will allow the tax collector to impound previously cleared goods in cases of unde...

By Staff reporter | Published: 01 March 2018

BUSINESS NEWS

Swiss envoy complains about Zimra tactics

THE Zimbabwe Revenue Authority (ZIMRA)'s aggressive tax collection style may result in the collapse of many of the country's remaining firms, outgoing Switzerland ambassador to Zimbabwe, Ruth Huber, h...

By Staff reporter | Published: 01 March 2018

BUSINESS NEWS

Zimra aim to enhance efficiency

The Zimbabwe Revenue Authority (zimra) has started working on new strategies to plug corruption and speed up the movement of cargo through the country's ports of entry, an official has said.Speaking t...

By Staff reporter | Published: 22 February 2018

BUSINESS NEWS

Zimra to streamline operations

Zimbabwe Revenue Authority (Zimra) Commissioner-General, Faith Mazani has unveiled a programme to streamline operations and plug financial leakages, as part of measures to curb corruption and improve ...

By Staff reporter | Published: 21 February 2018

BUSINESS NEWS

Zimra implements new strategies

The Zimbabwe Revenue Authority (Zimra) has started working on new strategies to plug corruption and speed up the movement of cargo through the country's ports of entry, an official has said.Speaking t...

By Staff reporter | Published: 20 February 2018

BUSINESS NEWS

Zimra to commission upgraded Asycuda system

THE Zimbabwe Revenue Authority has admitted it made costly errors when it first commissioned its Asycuda customs system, which crushed last December and caused a logjam, delaying cargo clearance at th...

By Staff reporter | Published: 19 February 2018

BUSINESS NEWS

Zimra lays down rules for trucks in transit

The Zimbabwe Revenue Authority (Zimra) has started implementing a programme to seal trucks in transit in a bid to curb and reduce incidents of fraud.According to a public notice issued by the tax agen...

By Staff reporter | Published: 14 February 2018

BUSINESS NEWS

Zimra urged not to fight capital

Government has been urged to desist from the culture of imposing punitive penalties on businesses that fail to honour their tax obligations to encourage increased production and curb the closure of lo...

By Staff reporter | Published: 14 February 2018

BUSINESS NEWS

Zimra won't write-off the $3.9bn owed by companies

ZIMBABWE Revenue Authority (Zimra) will not write-off the $3,9 billion it is owed by companies and councils, as this will set a bad precedent of not paying dues, a top executive told a parliamentary p...

By Staff reporter | Published: 14 February 2018

BUSINESS NEWS

Zimra surpasses January target

The Zimbabwe Revenue Authority (Zimra) surpassed its January 2018 revenue target after gross collections totalled $350,97 million against a budget of $325,05 million, driven by strong out turn in coll...

By Staff reporter | Published: 09 February 2018

BUSINESS NEWS

Bigwigs shield companies from Zimra

A report on the country's tax situation has alleged that top politicians were encouraging tax evasion or none compliance by the country's corporate sector, which they have shielded from Zimra. Officia...

By Staff reporter | Published: 01 February 2018
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